TIPbot ICO Review: Helping Connect CryptoCurrencies With Real World Payments

What is TIPBot?

TIPBot is an ICO looking to solve the issue of using cryptocurrencies as payment in real world settings for people without the technological knowledge of crypto.

TIPBot has identified a key issue in the crypto world, how can everyday normal people who have no knowledge of the technology start using it for payments? As our society evolves and a cashless system grows, TIPBot is looking to take market share by offering a mobile app that can be used for payments and tipping to delivery drivers, waiters, friends, plumbers, electricians.

Aspects

tipbot ico reviewHere are the main goals that TIPBot hopes to achieve during project completion:

  • To implement a proof of stake system allowing holders of the token to mint more TIP. The more tokens you stake, the more tokens you can earn through the PoS system. Token minting can be completed every 3 days and the maximum staking duration will be 90 days. After 1 trillion tokens have been successfully minted, the PoS system will cease to function.
  • To launch a reddit tip bot in Q3 of 2018. This will allow people to tip users on the Reddit platform and should be embraced as it will increase content quality.
  • To launch a tipping solution for Telegram. This will allow you to send payments to friends, family or anyone you meet on the Telegram application, although the main use case of Telegram is for customer support, therefore support agents could be tipped. This is looking to be completed by Q4 2018.
  • The real world mobile app, looking to be launched Q2 2019. This looks to be the core of the TIPBot platform and will allow users to easily download the mobile app and get started with tipping very easily.

What Issue Does it Solve?

TIPBot solves the problem that has been plaguing cryptocurrencies for the last few years. Users without knowledge and the technological understanding of Blockchain technology and crypto are struggling to utilise tokens.

TIPBot looks to make it much easier for the average user who doesn’t understand technology but would like a cheap and efficient way to pay for services in their everyday lives.

By providing an easy to use mobile application, users can now download and get started right away. Technology is evolving and more people are doing everything through their mobile phone, this gives TIPBot a chance to grow and gain a large user base.

Token Sale Information

Disclaimer: Invest at your own risk. ICOs are risky and this is not financial advice, please consult a financial adviser before making investment decisions.

Positives
  • New Demographic: TIPBot will introduce new users to cryptocurrencies by providing an easier barrier to entry through their mobile application.
  • Proof Of Stake: Staking the coin will provides incentives for users to hold the token and provide a energy efficient inflation model.
  • Use Case: Often times token utility is questionable, however TIP has a real use case and will function within the TIPBot app.

Negatives
  • Competition: Within the payment niche there are many competitors. Although none have directly focused on tipping, TIPBot will have strong competition such as Ethos, SGPay and others.

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Jeremy Cole has been a crypto enthusiast for years. First getting involved in Bitcoin mining in late 2010, he has now diversified his portfolio and dug deeper into the alternative coins of the space. As new and exciting ideas arise in cryptocurrency, Jeremy is always looking for the next big thing and a coin which not only appreciates in value but also has a steady increase in use and demand. Jeremy has seen the rise of coins such as Ethereum and by studying the technical and fundamental side of ETH, he has learnt how to find similar coins that are likely to have a bright future.

1 Comment
  1. So isn’t this basically the same thing as Gifto?

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